China's industrial sector still faces significant downward pressure
[BEIJING] China's industrial sector still faces significant downward pressure and "arduous efforts" are needed to stabilise the economy, the Ministry of Industry and Information Technology said on Wednesday.
The ministry also told a press conference that firms in some industries were facing increasing difficulties in making profits.
Official data showed China's factory output growth hit a five-month high of 6.8 per cent in June compared with a year ago.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
When US diplomats visit China, meal choices are about more than taste buds
China’s first-quarter industrial profits rise at slower pace
Laid-back vibe, stunning beaches, rich cuisine and low cost of living lure more expat retirees to Malaysia
Vietnam tycoon appeals against US$27 billion fraud death sentence
US announces new restrictions on firearm exports
Central banks will probably only cut half as much as they hiked